Greece Jotted Down Some Notes On The Back Of A Cocktail Napkin And Submitted It To Us: EU

The latest plan turned in by Prime Minister Alexis Tsipras and Co apparently reads like Team Greece sat down to write this thing circa midnight and then all of a sudden it was 7AM, they'd fallen asleep with their face on top of the (blank) pages, and they had to hand in whatever they could come up with in the next 30 minutes before it was due. Pages 2-14 simply read "TKTKTKTKTK."

Greece’s proposed plans to bolster its finances in exchange for unlocking bailout funds still need lots of work, three European officials said. The 15-page draft, which was discussed Sunday in Brussels, requires more information and details and was a long way from serving as the basis of a deal, said one of the aides, who asked not to be named because the talks were private.

Greece doesn't need any of you! Greece's finance minister on Thursday denied a report citing the country's representative to the IMF as saying Athens would need a third bailout package. The euro weakened against the dollar on the report, which was later also denied by the official quoted in the article and came as international inspectors are mulling handing over the next tranche of Greece's second aid package. "The country's positions are formulated by the Prime Minister and the Finance Minister," Greek Finance Minister Yannis Stournaras told Reuters in response to the Dow Jones/Wall Street Journal report. The article quoted Thanos Catsambas, Alternate Executive Director at the IMF Executive Board representing Greece, as saying the country would need a third bailout from European creditors. It also reported Greece could not bridge a funding gap and had met only 22 percent of targets for the second bailout...Catsambas issued a statement saying the article included "at least three important inaccuracies". [Reuters]